Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$144,034$144,034$1,336,410
Remaining term (yrs)6.56.530.0
Secondary amount$0$1,192,376$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.640%7.630%7.640%
1st payment$2,174.49$2,174.49$9,253.03
2nd payment$0.00$7,700.76$0.00
Taxes / mo$795.92$795.92$795.92
Insurance / mo$216.67$216.67$216.67
MI / mo$262.79$262.79$267.28
HOA / mo$15.00$15.00$15.00
Total monthly$3,464.87$11,165.63$10,547.90
Cash to close$1,340,866$148,490$148,490